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economy during the holiday shopping season. in a recent survey, the national retail federation found about 2/3 of shoppers said the fiscal cliff and other economic concerns would affect their holiday spending. the fiscal cliff will result in tax increases and federal spenng cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. >> many shoppers agree, as tax paying citizens, one of the top things on their wish list for christmas is for the president and congress to compromise and to get a deal done. >> please start working together and remember the people who put you in office. >> nadia ramdass, wbal-tv 11 news. >> jews around the world celebrated the beginning of hanukkah saturday night. in chicago, hundreds gathered to watch the lighting of an overicized menorah. hanukkah commemorates the jewish uprising in the second century b.c. according to tradition, when the jews dedicated the temple in jerusalem, a single vial of oil burned for eight days. and so
economy during the holiday shopping season. in a recent survey, the national retail federation found about 2/3 of shoppers said the fiscal cliff and other economic concerns would affect their holiday spending. the fiscal cliff will result in tax increases and federal spenng cuts. >> both parties are kind of, hey, i'm going to do my thing, you're going to do your thing, nobody seems to want to give in. >> many shoppers agree, as tax paying citizens, one of the top things on their...
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Dec 7, 2012
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ideally, the economy will turn around. that will make people more willing to shop and spend money and go out and actually just enjoy themselves. >> we do have a full list of all the fun events going on this holiday season on our website, wbaltv.com. just click on community calendar. wbal tv 11 news. >> coming up next, we all know johns hopkins university is a world class institution. ahead, how this education jim helps its neighbors. -- education gem plans to help its neighbors. >> and nothing to do with rain gear. >> coming up, cashing in on an ugly holiday tradition. the teenager who attacked the idea is earning him a little extra cash this season. >> rain is -- the teenager whose tacky idea is earning him whose tacky idea is earning him a little extra cash this whose tacky idea is earning him a little extra cash this wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. ho
ideally, the economy will turn around. that will make people more willing to shop and spend money and go out and actually just enjoy themselves. >> we do have a full list of all the fun events going on this holiday season on our website, wbaltv.com. just click on community calendar. wbal tv 11 news. >> coming up next, we all know johns hopkins university is a world class institution. ahead, how this education jim helps its neighbors. -- education gem plans to help its neighbors....
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the question would be, how much harm will this do to the economy? i should say, once you see that prospect of everyone's taxes going up, i do think that no matter what, by mid-january at the latest, you will see that tax rate reinstated for most americans. >> psychological lit's causing damage. confidence drop as well because of what's going on in washington. george, thank you. >>> today on the show, we got a big show, george has two powerhouse roundtables. later this morning on "this week." >>> time now for a check of the weather with ginger dee. >> most the nation is snow-starved. overnight, we're getting our first big meal of snow that is. sacred heart, minnesota, picked over 4 inches, 4.5. these are preliminary numbers. because the snow is coming down hard. look at fargo. it's coming down an inch an hour. you know those totals are going to change and change quickly. look who's enjoying it. iowa, there, in briar cliff the kids saying, all right, it's time. one more very snowy drive wway. let's get right there to the snowstorm. how much more can w
the question would be, how much harm will this do to the economy? i should say, once you see that prospect of everyone's taxes going up, i do think that no matter what, by mid-january at the latest, you will see that tax rate reinstated for most americans. >> psychological lit's causing damage. confidence drop as well because of what's going on in washington. george, thank you. >>> today on the show, we got a big show, george has two powerhouse roundtables. later this morning on...
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the question would be, how much harm will this do to the economy? if you have all of these spending cuts on every government program, on top of everyone's taxes going up, i should say, once you see that prospect of everyone's taxes going up, i do think that no matter what, by mid-january at the latest, you will see that tax cut reinstated for most americans. for the bottom 98%. good, good chances the taxes are going up on the wealthy. >> psychologically, it's causing damage. confidence drop as well because of what's going on in washington. george, thank you. >> thanks for cheering us up, george. we appreciate it. >>> today on the show, we got a big show, george has two powerhouse roundtables. later this morning on "this week." >>> time now for a check of the weather with ginger. >> most the nation is snow-starved. starting yesterday, overnight, into this morning, we're getting our first big meal of snow that is. you can look at some of the places that we have here. from montana to colorado, all of the way to northern illinois, it's snowing in some s
the question would be, how much harm will this do to the economy? if you have all of these spending cuts on every government program, on top of everyone's taxes going up, i should say, once you see that prospect of everyone's taxes going up, i do think that no matter what, by mid-january at the latest, you will see that tax cut reinstated for most americans. for the bottom 98%. good, good chances the taxes are going up on the wealthy. >> psychologically, it's causing damage. confidence...
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house speaker john boehner hold a private meeting with signs of progress in the effort to keep the economy from going over the fiscal cliff. >> all right. then crunch time. we all have the nfl week 14 action. as the the playoff picture starts to come more into focus. >> big, big football weekend right. >>> later, up for auction, a classic piece of casablanca's rich history is being sold 70 years later. i love that story! >> that's a great movie. first, family and friend mourning the loss of jenni rivera, a superstar of latin music. >> the so-called diva rivera had finished a concert and was on the way to another when her small plane crashed. abc's larry jacobs as the story. ♪ >> reporter: bewilderment and sense of loss among jenni rivera's fans in the los angeles area following news of the singer's plane crash in mexico. >> i think pretty devastate ford a lot of people. >> reporter: the mexican-american singing superstar was traveling in a jet early sunday morning when co comptrollers lost contract. mexican official say they have found the wreckage but no survivors. >> right now it is co
house speaker john boehner hold a private meeting with signs of progress in the effort to keep the economy from going over the fiscal cliff. >> all right. then crunch time. we all have the nfl week 14 action. as the the playoff picture starts to come more into focus. >> big, big football weekend right. >>> later, up for auction, a classic piece of casablanca's rich history is being sold 70 years later. i love that story! >> that's a great movie. first, family and...
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the latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train smashed into the vehicle. the collision on 16th street near seventh stopped service for a short amount of time. >>> the search suspended for a missing 77-year-old fair oaks man. philip maddingly was last seen on his tug boat late saturday evening while restoring a world war ii vessel. officials believe he may have fallen into the water. >>> we are learning more about a one-on-one meeting at the whoit house today between john baner and the president. with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks,
the latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train...
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Dec 10, 2012
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the latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train smashed into the vehicle. the collision on 16th street near seventh stopped service for a short amount of time. >>> the search suspended for a missing 77-year-old fair oaks man. philip maddingly was last seen on his tug boat late saturday evening while restoring a world war ii vessel. officials believe he may have fallen into the water. >>> we are learning more about a one-on-one meeting at the whoit house today between john baner and the president. with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks,
the latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train...
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Dec 7, 2012
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we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not target collective bargaining. all the legislation does according to republicans is make optional union dues and union membership for everyone other than police and firefighters. union members say it attacks their foundation and in all places, michigan, the cradle of organized labor. >> you will have people that will be working right alongside of you that will not have to pay union dues that you pay union dues but will still be able to get all the benefits from being a union member. >> reporter: unlike the drawnout labor standoffs we have seen. this moved rapidly through the legislature during the lame duck session. republicans have the numbers. the demonstrations got ugly with eight people arrested and pepper spray. they insist republicans violated o
we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not target collective bargaining. all the legislation does according to republicans is make optional union dues and union membership for everyone other than police and...
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on what he thinks needs to be done to try to get our spending and the deficit and the budget and the economy all back in order. >> jamie: oversea, tensions rising in egypt. president muhammad morsi has refused to delay a referendum on a new constitution he's proposing, prompting the opposition to call for more protested it, follow it would go weeks of violent demonstrations. on friday, protesters stormed the presidential palace. take a electric at this. scenes reminiscent of the days that hosni mubarak was ousted from power. what is next. major bob scales is a military analyst. general, great to see you. >> good to see you. as we look at this and we see the military there was laying low for a while. now they are popping their heads up, saying dialogue, dialogue or catastrophe. can you see a situation where they try to take over? >> i see a situation where the military acts as an intermediary, if you will. remember, to this day, the most respected institution in egypt is the army. recall that most of the rulers in the last 50 years have been military people, like nasr, mubarak, an air force f
on what he thinks needs to be done to try to get our spending and the deficit and the budget and the economy all back in order. >> jamie: oversea, tensions rising in egypt. president muhammad morsi has refused to delay a referendum on a new constitution he's proposing, prompting the opposition to call for more protested it, follow it would go weeks of violent demonstrations. on friday, protesters stormed the presidential palace. take a electric at this. scenes reminiscent of the days that...
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all of us realize, i think, a tax increase at this point, would be devastating to our economy, a tax increase, even focused on the top 2 tax brackets, will kill 700,000 job, not ceo, top 1% jobs, those are men and women who are working hard and living paycheck to paycheck who can hardly afford to absorb the economic impact of a job loss. so much of the conversation is focused on the tax rates. you are concerned that there is not enough about the federal spending? >> yes, especially given the fact that the president's proposal doesn't really take seriously, the spending side of the equation. in fact, the president's proposal, actually contemplates a send spinning ib crease, not cuts. we have to remember that ultimately woo what we have is not a revenue problem, as much as it is a spending problem. that's where we have to be focused and the president is decidedly not focused. >> we wish you all the best in finding a solution. thank if you are your time. >> thank you, shannon. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outr
all of us realize, i think, a tax increase at this point, would be devastating to our economy, a tax increase, even focused on the top 2 tax brackets, will kill 700,000 job, not ceo, top 1% jobs, those are men and women who are working hard and living paycheck to paycheck who can hardly afford to absorb the economic impact of a job loss. so much of the conversation is focused on the tax rates. you are concerned that there is not enough about the federal spending? >> yes, especially given...
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ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president thought he could deliver on it and lo and behold the democrats caved in and president didn't have the authority to make the promises he did. it takes three to tango in washington. house, senate and president. it's nice to meet with the speaker of the house, but where does the senate weigh in? that is the next hurdle we have to jump over. if we have the house locked in and boehner can deliver the votes, we have to go to the senate and president has to bless the deal because he is going to be the ultimate one that will sign the bill. there is a
ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president thought...
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republicans say it will hurt the economy. congressman tom price out of georgia saying quote, the tax on medical devices harms america's ability to conduct necessary research and development maintain our global competitiveness resulting in loss of tens of thousands of jobs and fewer groundbreaking innovations in this field. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good morning. >> hi, bill. bill: they're saying 43,000 jobs because of this. what, a latex glove gets taxed? i thought it was just like on mri machines and big items like that? >> actually, no. thank you for doing this segment because a lot of americans don't realize when the president calls for all the new taxes in the fiscal cliff negotiation, mr. president we already have a big tax increase that will hit on january 2nd. that of course is the obamacare taxes. you mentioned one of them, the tax on medical devices and medical equipment, bill, which i agree w
republicans say it will hurt the economy. congressman tom price out of georgia saying quote, the tax on medical devices harms america's ability to conduct necessary research and development maintain our global competitiveness resulting in loss of tens of thousands of jobs and fewer groundbreaking innovations in this field. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good...
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Dec 6, 2012
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economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither political party wants to keep it going, therefore the tax -- the social security tax for everybody who works goes up as of january 1. that will take $120 billion out of the economy. it is a tax increase of $120 billion. martha: the bush tax cuts and letting them go versus this increase. how does it all balance out? >> reporter: just consider this. you reported 370,000 people filed for first-time unempl
economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. there's a health company t
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive...
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now that takes aside the entire debate over whether it's a good thing for the economy. >> they have no idea. >> nobody knows for sure. >> it's a very good point. >> it's a big risk. >> and if you look at polling that says, well this would -- they would blame -- you never know if it's true. i think that is a theory in some democratic circles but to your point, andrea, i think the uncertainty creeps in why no one is saying let's let this deadline pass. >> before i let you both go, since you're two of the smartest people i know in washington, where do we stand on cabinet selections and, you know, the foreign policy team. >> we saw this joking moment, let me replay it, a news conference to push the u.n. treaty on disabilities which -- >> which is going to -- may fail. >> which is unbelievable since america has been -- >> very surprising. >> way out front since the days of bush '41 and tom harken was the big -- >> bob dole. >> and john mccain today made a plea for bob dole who is in walter reed he wants to see this great moment, a worldwide standard, it would be good for business, but as yo
now that takes aside the entire debate over whether it's a good thing for the economy. >> they have no idea. >> nobody knows for sure. >> it's a very good point. >> it's a big risk. >> and if you look at polling that says, well this would -- they would blame -- you never know if it's true. i think that is a theory in some democratic circles but to your point, andrea, i think the uncertainty creeps in why no one is saying let's let this deadline pass. >>...
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. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk about taking a softer line on immigration the day after republicans in the senate refused to ratify a treaty on discrimination against disabled people. those are two different courses for the republican party and i see one thing that strikes me, you have george w. bush here, robert dole, another former presidential nominee on the floor of the state. the party is moving on. these are not the most powerful voices in the party. the speeches we heard yesterday from marco rubio and paul ryan are i think more influential when trying to look at where is the republican party going to go. >> and, in
. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk...
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economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity would have to last for logger, until 2018, in fact. that means more benefits will now be squeezed, and there will be a tax rates on the pension pops. >> i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt fallin
economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity...
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economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity would have to last for logger, until 2018, in fact. that means more benefits will now be squeezed, and there will be a tax rates on the pension pops. >> i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt fallin
economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity...
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jobs and the economy. and so, you know, i think from every measure standard obama's a failure. back to libertarian. republicans had the chance with george bush. he was a failure. terrible president. the only guy worse than bush is barm. back to back you've had two terrible presidents. the difference is one supported capitalism one without any questions is socialist. the socialist is obama. libertarians on the other hand haven't caused any of the problem. we haven't been in officer. you can't blame us for the $100 trillion debt. you can't blame us for every problem emulating out of washington, d.c. we pointed out the disasters what i said in the book is just look at california. i said it four years ago. california is greece. it will go bankrupt. it's done. stick a fork in it. it and it came true. why? obama is practicing the california model for the entire nation. and that's what is happening to the country and that's why there are no jobs because in the end, my father, the butcher, had it right. my father the blue collar butcher said, son, ill through hate rich people. nobody p
jobs and the economy. and so, you know, i think from every measure standard obama's a failure. back to libertarian. republicans had the chance with george bush. he was a failure. terrible president. the only guy worse than bush is barm. back to back you've had two terrible presidents. the difference is one supported capitalism one without any questions is socialist. the socialist is obama. libertarians on the other hand haven't caused any of the problem. we haven't been in officer. you can't...
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economy. america's operating system, if you will, that's delivering terrible results. i look at the international comparisons, for example, i've looked at the 20 leading democracies, the old oecd, and i looked at 30 key indicators of national well being and global citizenship, and i was startled, frankly, to find that the united states is at the bottom, the very bottom or next to the bottom on all 30 of these indicators of national performance. so it follows that if we want to change the direction the country's headed and build this attractive future for our children and grandchildren, we were going to have to change the system. we've got to drive this systemic, transformative change until we have, in effect, the new system of political economy, a new operating system for america, one that delivers good results for human and natural communities, but otherwise we've got to embed new and different priorities at the core of our political economy. and to do that, i think we've first got to underst
economy. america's operating system, if you will, that's delivering terrible results. i look at the international comparisons, for example, i've looked at the 20 leading democracies, the old oecd, and i looked at 30 key indicators of national well being and global citizenship, and i was startled, frankly, to find that the united states is at the bottom, the very bottom or next to the bottom on all 30 of these indicators of national performance. so it follows that if we want to change the...
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so lower tax rates expand the economy and we need more revenues for the government and less zero-sum struggles over government favors. >> we been talking books tv but george gilder, author of several books with the new addition of george gilder, which came out originally in the early 80s. this is a tv on c-span 2. >> now i program from the up to the archives. fatima bhutto kameny said former pakistani prime minister, benazir bhutto, talks about growing up in a family powerbrokers. may suffer chronicles her close relatives including her own father who were assassinated by political. benazir bhutto was sworn in as prime minister of pakistan on december 2nd come in 1888. this is about an hour 15. >> back at home this evening. in the kitchen cooking at winning to my parents bedroom and sat as they watch television on the bed. he was a little child then in this so easy to take care of. we were lazily watching boston's ace, a show made in the 19th 60s about the same astronauts. there's nothing else on. sophie was laying on his stomach, hat in hand sand and i sat on side of the bed repining
so lower tax rates expand the economy and we need more revenues for the government and less zero-sum struggles over government favors. >> we been talking books tv but george gilder, author of several books with the new addition of george gilder, which came out originally in the early 80s. this is a tv on c-span 2. >> now i program from the up to the archives. fatima bhutto kameny said former pakistani prime minister, benazir bhutto, talks about growing up in a family powerbrokers....
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on wednesday, the british chancellor and released the government's annual report on the british economy. prime minister david cameron took questions. he also answered questions on afghanistan, secure in the u.k. border. this is just over 30 minutes. >> number one, mr. speaker. >> thank you, mr. speaker. i'm sure the whole house will wish to join me in graduating the duke and duchess of cambridge on the wonderful knew they are expecting their first child. turning to my friend's question on afghanistan. the threat to global security from al qaeda has been significantly reduced and this is in large part of the brave work of u.k. and afghan armed forces. we remain committed to afghanistan for the long-term and we continue to support the development of afghan forces through continued funds and training. our contribution that aid to help the state to police its own lands. it is this part that al qaeda won't will able to re-establish itself in afghanistan. >> the taliban is being told when most of our troops are leaving and they need to be told when sanctions to expect if they help al qaeda to
on wednesday, the british chancellor and released the government's annual report on the british economy. prime minister david cameron took questions. he also answered questions on afghanistan, secure in the u.k. border. this is just over 30 minutes. >> number one, mr. speaker. >> thank you, mr. speaker. i'm sure the whole house will wish to join me in graduating the duke and duchess of cambridge on the wonderful knew they are expecting their first child. turning to my friend's...
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but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes the lot and cut spending a lot and so austerity plan, that would have an impact. democrats were for pouring more money into the compli with stimulus and republicans wanted austerity and jonas' point is an argument against what conservatives were pushing for. >> brenda: all right. toby. >> what's the question? >> driving a smar
but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study...
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on wall street, stocks ended mixed following news the economy added more jobs than predicted. the unemployment rate fell to a four year low of 7.7%. the dough closed up 81 points on friday while the nasdaq dropped 11 point. president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the the new year. announcement is expected when the bankers meet tomorrow and wednesday. a new survey shows pay for private college presidents continues the upward climb. they studied data from 2010 and median compensation rose to $400,000. that is up nearly 3 personality. that's a -- percent. that's a pretty good paying job there. very lucrative. >> cbsmoneywatch.com, t
on wall street, stocks ended mixed following news the economy added more jobs than predicted. the unemployment rate fell to a four year low of 7.7%. the dough closed up 81 points on friday while the nasdaq dropped 11 point. president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to...
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Dec 8, 2012
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the government says the storm played only a minimal role as the economy added 150,000 jobs. the unemployment rate fell to 7.7%, and that is a .2% drop. but those numbers were helped by people who stopped look for work and were not counted as unemployed. >>> on wall street, the dow is up 81 points. the s&p 500 edged up four. however, the nasdaq dropped 11 points. >>> the edge of the fiscal cliff is fast approaching. only 25 days away and going over it threatens to ruin the holidays for millions of americans. cbs reporter danielle nottingham says republicans are waiting for the president to make the next move. >> vice president joe biden at lunch with middle class americans who will take a $2,000 hit if their tax cuts expire at the end of the year. >> this is no time to add any additional burden. >> while the white house is pushing congress to renew middle class tax cuts, the president says he won't take any deal that extends tax cuts for the wealthiest americans. honor of the pearl harbor ak this is the only night of te year the beacon will shine. hared their fi >> it would t
the government says the storm played only a minimal role as the economy added 150,000 jobs. the unemployment rate fell to 7.7%, and that is a .2% drop. but those numbers were helped by people who stopped look for work and were not counted as unemployed. >>> on wall street, the dow is up 81 points. the s&p 500 edged up four. however, the nasdaq dropped 11 points. >>> the edge of the fiscal cliff is fast approaching. only 25 days away and going over it threatens to ruin the...
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if we could get housing back, that would go a long way towards full recovery for our economy. obviously take away the home mortgage interest deduction is the very last thing the housing market needs. i'm not saying it would hit every home buyer but a home is an investment. if we lower the return on the investment well, you get the picture. this bad idea has pay parentally meant the substitute for a tex increase on the wealthy. this is strange. the rich by definition are rich. that's why they're called rich. they could afford to pay more tax. the middle income home buyers or some of them need that mortgage interest deduction to buy. so you have the question, do we want to clobber housing hurting millions of home buyers, builders construction worker and timber people or tax the people who have a bentley? how could this even be an open question? observe, my friends with what little wisdom the world is governed. >> osgood: commentary from ben stein. now to bob scheiffer in washington for a look at what's ahead on face the nation. good morning bob >> schieffer: good morning charles
if we could get housing back, that would go a long way towards full recovery for our economy. obviously take away the home mortgage interest deduction is the very last thing the housing market needs. i'm not saying it would hit every home buyer but a home is an investment. if we lower the return on the investment well, you get the picture. this bad idea has pay parentally meant the substitute for a tex increase on the wealthy. this is strange. the rich by definition are rich. that's why they're...
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first of all, everyone understands the economy is not so good. that's a tough thing when you're asking people to put money they don't necessarily have on the barrelhead. but beyond that we're seeing -- rock 'n' roll's aged to the point where it's no longer the dangerous thing it once was. you hear it in commercials. people -- i see 6-year-old gills with purng rock hair. those images and that sim beeology is not as dangerous as it once was. so to continue to be as dangerous in an environment that no one sees as dangerous is difficult. >> good luck with your tour, billy corgan. we'll be right back. you're watching "cbs this morning." [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ m
first of all, everyone understands the economy is not so good. that's a tough thing when you're asking people to put money they don't necessarily have on the barrelhead. but beyond that we're seeing -- rock 'n' roll's aged to the point where it's no longer the dangerous thing it once was. you hear it in commercials. people -- i see 6-year-old gills with purng rock hair. those images and that sim beeology is not as dangerous as it once was. so to continue to be as dangerous in an environment...
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with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >>> so, if you thought the problem in syria was bad, how about this. the chemical weapons situation, the fear that perhaps bashar al assad might actually use chemical weapons on his own people now being exacerbated on a report that perhaps the blame is coming back to us and the accusation from the syrians that we're trying to actually get a hold of those chemical weapons and make it look like the syrian regime has done so. fareed zakari's back with us to talk about this report. it seems as though this is rather serious. only the government, assad's administration has sent a couple of letters to the u.n. suggesting this is all a big plot by the u.s. to get those weapons into the hands of opposition members and then blame the syrians. does this seem logical or like a reach? >> i think it's part of a strategy that the assad regime has decided upon, which is that america is the cause of this. that there is an internal group of terrorists su
with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >>> so, if you thought the problem in syria was bad, how about this. the chemical weapons situation, the fear that perhaps bashar al assad might actually use chemical weapons on his own people now being exacerbated on a report that perhaps the blame is coming back to us and the accusation from the syrians that we're trying to actually...
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he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the ground of this now defunct school for boys in marianna involving teenage boys sent here decades ago, some never seen again. in recent years former students in "twilight" years have come forward with horrific stories of punishing aaabuse doled out by school leaders and friends that vanished, stories told by cnn. they accused former school leaders of beatings, sexual abuse and even murder. which brings us to this cemetery on the school's grounds. the bodies of 31 boys are buried here. florida authorities claim they know how all the boys died, some killed in a fire and symptom in a flu
he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the...
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that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out some of the best engines in the world. over all those years, generations of redford workers have walked through these doors. not just to punch a clock, not just to pick up a paycheck, not just to build an engine, but to build a middle class life for their families, to earn a shot at the american dream. for 7 1/2 decades, through good times and bad, through revolutions and technology that sent a lot of good jobs, manufacturing jobs overseas, men and women like you, your parents, maybe even your gran
that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit...
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first, let me tell you what's going right in the economy for consumers. there's a whole host of things. the job markets, 7.7% unemployment, the lowest in four years. you've got the housing market showing signs of recovery. rising home values in much of the country. gas prices, did you notice? they're down 46 cents over the past couple of months. they're expected to keep going lower and the dow is up 20 points now. the dow is above 1,300 and the s&p 500 is up 12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have been enjoying now for well over a year. almost two years now. it's about 20 for somebody who earns say $50,000, but they're getting extra because the payroll tax deduction has been changed a little. they're getting a break on th
first, let me tell you what's going right in the economy for consumers. there's a whole host of things. the job markets, 7.7% unemployment, the lowest in four years. you've got the housing market showing signs of recovery. rising home values in much of the country. gas prices, did you notice? they're down 46 cents over the past couple of months. they're expected to keep going lower and the dow is up 20 points now. the dow is above 1,300 and the s&p 500 is up 12% this year. so, what could go...
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an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter: we don't know precisely or the skills necessary. it's a great question. probably in the thousands of jobs. remember, this is one existing mac line. this is not the iphone or ipad. one line but probably in the thousands, brooke. >> in the thousands. and so, apple chock eed up the one-day stock drop. do you think the shift, has to be a profitable move for apple hopefully. >> reporter: well, you know, there are two ways of looking at it. you are using cheap labor in china. not going to have that in the united states and also you're talking about adding infrastructure costs. how that might impact the bottom line, yo
an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter:...
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when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen says even if the market is shaky at the start of 2013, the gains the second half of the year will make up for it. carol? >> that's a pretty rosie outlook. there must be a counter argument. all the other -- i hear such dire things. >> of course. you know, there are other big financials that release their outlooks, too, carol. most are generally positive, though. there are some pessimists out there. wells fargo strategists expects stocks to decline next year and points to slowing growth and uncertainty about the economy. expects just a modest gain
when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen...
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but most would agree this is an economy still struggling. so how are some businesses finding ways to keep their doors open while others are failing? our tom foreman looks for some answers in today's "american journey." >> reporter: amid the bustle of broadway, against the bad economy and the crushing competition, at the strand, the show goes on. started more than 80 years ago, this independent bookstore has beaten the odds. surviving the great depression, world war ii, and fred bass, who was a baby when his dad started the strand, says the store is enduring these tough times too. >> mainly by having gad books and good prices. lately we've been selling a lot of new books at discount. but it's mostly used book or bargain books we sell, antiquarian, out of print books. >> reporter: the eclectic approach allows it to appeal to a broad away of clients. like this rare signed copy of ulysses by james joyce. >> what are we selling this for? $25,000. a bargain, really. >> reporter: the strand's success is about more than inventory. employees top to b
but most would agree this is an economy still struggling. so how are some businesses finding ways to keep their doors open while others are failing? our tom foreman looks for some answers in today's "american journey." >> reporter: amid the bustle of broadway, against the bad economy and the crushing competition, at the strand, the show goes on. started more than 80 years ago, this independent bookstore has beaten the odds. surviving the great depression, world war ii, and fred...
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people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe we should do it. what is -- what's the sense of doing that? >> we have had 17 debt and deficit commissions since 1982 and listened to the experts every time. the national debt went from $1 trillion to $16 trillion. congress does not cut spending. they have been saying for a long time we need a balanced approach. the experts say we need a balanced approach. the so-called fiscal cliff is the most valid approach out of congress and now they don't want to do it. >> what happens if we do go over this cliff, aaron? our credit rating, what it means for those incentives and for the cuts that kick in automatically, what does this mean for us because it is not good by any means. >> see, it is a cliff -- >> you think it's a false deadline. >> i absolutely do. i think that suddenly markets will not crash, the bottom will not fall out.
people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe we should do it. what is -- what's the sense of doing that? >> we have had 17 debt and deficit commissions since 1982 and listened to the experts every time. the national debt went from $1 trillion to $16 trillion....
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last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really tell the story clearly. and i want to ask you about something else, maribel, while i have you. we're used to hearing about trouble when it comes to your traditional newspapers, sadly. but now we're hearing about an online paper that targeted the cutting edge tablet user crowd, that's going away. tell me about that? >> that's right, brooke. it seems digital road is apparently not paved in gold. news corp. is folding the daily. it made a big splash last year when unveiled because it was only for the ipad. this is ironic because in this day and age you th
last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu >>> good morning and thank you for being with us today. i'm carol costello. it's just about 30 minutes past the hour. time to take a look at our top stories. >>> didn't take long for the u.s. to respond to iran's claim it captured one of our drones. a defense official saying all navy drones are accounted for in the region. iran is showing the drone on state tv with the words we shall trample on the united states. >>> a federal judge blocks a california law banning the use of conversion therapy. his ruling provides to
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of...